Far EasTone, Morgan Stanley PE Investor Group Near $2.3B Deal To Buy Taiwan's China Network Systems--Sources
A consortium of investors led by Far EasTone Telecommunications
Co. and Morgan Stanley's private equity arm are nearing a $2.3
billion deal to buy Taiwan's largest cable-television operator from
Asia-focused private-equity firm MBK Partners LP, according to
people familiar with the situation. (published 0252 GMT)
China Vanke to Spend Up to CNY10 Billion to Buy Back A-Shares
The board of China Vanke Co. has agreed to repurchase up to 10
billion yuan of its China-listed shares, to help support its
shares' performance amid a recent correction in China's stock
markets. (published 0238 GMT)
Manulife Unit Delays Singapore Listing as Markets Sour -- Update
Manulife US Real Estate Management Pte. Ltd. has delayed its
US$465 million plan for an initial public offering in Singapore due
to volatile global market conditions, people with knowledge of the
deal said Monday. (published 0223 GMT)
Foreign Investors Sell Net MYR3.10 Bln of Malaysia Shares in June
Foreign investors sold a net 3.10 billion ringgit worth of
Malaysia shares in June, according to data from the stock exchange.
(published 0137 GMT)
China Polymetallic Mining Expects 1H Net Profit to Drop
China Polymetallic Mining Ltd. expects its first-half net
revenue and profit to fall from a year earlier, due to higher
financing costs and a decline in operating hours at its mines.
(published 0132 GMT)
Harmony Asset Expects to Swing to Net Profit in 1H
Harmony Asset Ltd., which invests in securities listed on stock
exchanges and unlisted investments with potential for earnings
growth and capital appreciation, said late Friday it expects to
swing to a net profit in the six months ended June, buoyed by fair
value gain in investments. (published 0120 GMT)
China New Energy Power Group Expects 'Significant Loss' for Securities Held-for-Trading
China New Energy Power Group Ltd. on Friday said it expects a
loss on securities held-for-trading will have an "adverse effect"
on the profit or loss of the company for the period ended June.
(published 0110 GMT)
Guodian Technology & Environment Sees 'Significant Decrease' in 1H Net Profit
Guodian Technology & Environment Group Corp. Ltd., an
environmental protection and energy conservation services provider
for coal-fired power plants operating in China, said late Friday it
expects to record a "significant decrease" in its first-half net
profit from a year earlier, as intensified market competition
weighed on its profitability. (published 0109 GMT)
Aetna, Humana Get Ahead Of Pack
In the game of merger musical chairs the five biggest health
insurers have been playing lately, Aetna Inc. and Humana Inc.
hustled to grab the first seats. (published 0014 GMT)
AsiaPhos Buys Chinese Miner for S$36.8 Million
AsiaPhos Ltd. Monday said it will buy LY Resources Pte. Ltd., a
privately-owned Chinese mining firm, in a deal worth 36.8 million
Singapore dollars. (published 0051 GMT)
South East Group Appoints Yin Jun as New CEO and Deputy Chairman
South East Group Ltd., a property developer in China, said
Monday it has appointed Yin Jun as its new chief executive and
deputy chairman, effective July 3, replacing former CEO Anthony
Yeung and former deputy chairman Chen Domingo, who resigned on the
same day. (published 0019 GMT)
SmarTone Telecommunications Appoints Stephen Chau as Interim CEO
SmarTone Telecommunications Holdings Ltd., a wireless
communications carrier, said Monday it has appointed Stephen Chau
as interim chief executive officer, after Douglas Li resigned as
company's CEO in April. (published 0048 GMT)